Nano Nuclear Energy (NASDAQ:NNE) Shares Down 5.1% – What’s Next?

Nano Nuclear Energy Inc. (NASDAQ:NNE)’s stock price fell 5.1% during trading on Wednesday . The company traded as low as $22.02 and last traded at $22.16. 1,179,179 shares were traded during trading, a decline of 65% from the average session volume of 3,346,872 shares. The stock had previously closed at $23.35.

Analysts Set New Price Targets

A number of research firms have commented on NNE. Benchmark upped their price target on Nano Nuclear Energy from $39.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, November 7th. HC Wainwright restated a “buy” rating and set a $50.00 price target on shares of Nano Nuclear Energy in a research note on Wednesday, November 27th.

Nano Nuclear Energy Stock Performance

The business has a 50-day moving average price of $22.10 and a two-hundred day moving average price of $16.47.

Hedge Funds Weigh In On Nano Nuclear Energy

Several hedge funds have recently made changes to their positions in the company. Barclays PLC acquired a new stake in shares of Nano Nuclear Energy during the third quarter worth about $76,000. Commonwealth Equity Services LLC acquired a new stake in shares of Nano Nuclear Energy during the second quarter worth about $250,000. XTX Topco Ltd acquired a new stake in Nano Nuclear Energy in the third quarter valued at about $305,000. State Street Corp acquired a new stake in Nano Nuclear Energy in the third quarter valued at about $718,000. Finally, Virtu Financial LLC acquired a new stake in Nano Nuclear Energy in the third quarter valued at about $933,000.

Nano Nuclear Energy Company Profile

NANO Nuclear Energy Inc operates as a microreactor technology company. The company is developing ZEUS, a solid-core battery reactor, and ODIN, a low-pressure coolant reactor. It is also developing a high-assay low-enriched uranium fabrication facility to supply fuel to the nuclear reactor industry and fuel transportation and nuclear consultation businesses.